408 Reagan Dr Temple, GA 30179
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About this home
Beautiful 6 Bedroom Home on a Full Basement with Pool - Largest Lot in the Neighborhood! This stunning and spacious home, built in 2018, situated on a generous .65-acre lot, With 6 bedrooms, including 2 finished bedrooms in basement (both with windows and closets), this home offers flexibility for guests, growing family, office space, or multigenerational living. No HOA dues! Upstairs features beautiful kitchen with island, lots of cabinets, counter space, upgraded appliances, separate dining room with custom trim work, LVP flooring throughout main, oversized owner's suite with his/her closets, ensuite features dual vanity, soaking tub, tiled shower with glass surround, upstairs offers 4 well-appointed bedrooms and 2.5 bathrooms, with the basement already stubbed for a full bath, perfect for future expansion. Basement also includes a third garage door, ideal for storage or workshop space and has a storm shelter! Complete with an above-ground pool, fenced backyard, a spacious deck, perfect for summer entertaining. Inside, well maintained! This is USDA eligible with no down payment, Veterans if you are getting a VA loan this has an assumable VA loan for 2.25%, yes that's right! Amazing right! So all loan programs this home will work for USDA, FHA, Conventional, and VA (VA has the assumable 2.25% loan).
Source: FMLS #7613896
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.